Tesla, Inc. (NASDAQ:TSLA) Director Purchases $1,025,240.00 in Stock

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) Director Joseph Gebbia purchased 4,000 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The stock was bought at an average cost of $256.31 per share, with a total value of $1,025,240.00. Following the acquisition, the director now owns 4,111 shares of the company's stock, valued at approximately $1,053,690.41. The trade was a 3,603.60 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Tesla Price Performance

NASDAQ:TSLA traded down $9.87 during trading hours on Wednesday, hitting $282.16. The stock had a trading volume of 126,763,110 shares, compared to its average volume of 108,267,719. The company has a 50 day simple moving average of $261.24 and a two-hundred day simple moving average of $323.87. Tesla, Inc. has a one year low of $167.41 and a one year high of $488.54. The firm has a market capitalization of $908.82 billion, a price-to-earnings ratio of 138.31, a P/E/G ratio of 5.86 and a beta of 2.58. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). The company had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter last year, the firm posted $0.45 earnings per share. Research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tesla

Institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. raised its stake in Tesla by 5.6% in the third quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer's stock worth $955,052,000 after buying an additional 194,796 shares in the last quarter. McIlrath & Eck LLC raised its stake in shares of Tesla by 6.0% in the third quarter. McIlrath & Eck LLC now owns 3,401 shares of the electric vehicle producer's stock worth $890,000 after purchasing an additional 192 shares during the last quarter. Advisory Resource Group grew its stake in shares of Tesla by 1.2% in the third quarter. Advisory Resource Group now owns 4,260 shares of the electric vehicle producer's stock worth $1,115,000 after acquiring an additional 50 shares during the period. Morse Asset Management Inc raised its stake in Tesla by 46.0% during the 3rd quarter. Morse Asset Management Inc now owns 8,712 shares of the electric vehicle producer's stock valued at $2,279,000 after buying an additional 2,743 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its stake in shares of Tesla by 31.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 5,579 shares of the electric vehicle producer's stock valued at $1,460,000 after purchasing an additional 1,334 shares during the period. Institutional investors own 66.20% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on TSLA. Roth Mkm dropped their target price on Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. UBS Group reduced their price objective on shares of Tesla from $225.00 to $190.00 and set a "sell" rating for the company in a research note on Thursday, April 10th. StockNews.com downgraded Tesla from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Wells Fargo & Company dropped their price objective on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a research note on Friday, March 14th. Finally, Robert W. Baird decreased their price target on shares of Tesla from $370.00 to $320.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Ten research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and a consensus price target of $287.46.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.